for many years, there's two sides to every story. in this case, there is a long way to go. it looks strong coming out of the gate. >> john: if fraud is involved, can a lawsuit detect conflicts of interest? >> you know, the big question is -- two big questions. one is it's mail fraud wire fraud and financial institution fraud but it's being charged civilly, not criminally. and they're charging the institution but no individuals. the last time i -- i looked, i have not seen a building actually do anything. it is the people, the executives the supervisors, the staff, and yet once again what we have is charges which happen infrequently but even when they do happen, they go after institutions and they don't go after people. until either department of justice or the s.e.c. gets serious, brings criminal charges and goes after executives and supervisors, unfortunately, wall street will remain high crime area. >> john: i guess mitt romney was right.